iShares India 50 ETF (NASDAQ:INDY – Get Free Report) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 232,395 shares, a growth of 138.9% from the October 15th total of 97,265 shares. Based on an average daily trading volume, of 252,047 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.8% of the company’s shares are short sold.
iShares India 50 ETF Trading Down 0.4%
NASDAQ:INDY traded down $0.17 during mid-day trading on Friday, hitting $45.79. 46,321 shares of the company’s stock were exchanged, compared to its average volume of 139,987. The company has a 50 day simple moving average of $42.37 and a 200-day simple moving average of $43.62. iShares India 50 ETF has a fifty-two week low of $39.90 and a fifty-two week high of $54.13. The firm has a market capitalization of $595.27 million, a P/E ratio of 19.68 and a beta of 0.43.
Hedge Funds Weigh In On iShares India 50 ETF
Large investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in shares of iShares India 50 ETF in the first quarter worth $46,000. Signaturefd LLC acquired a new position in iShares India 50 ETF during the 3rd quarter worth about $185,000. StoneX Group Inc. bought a new stake in shares of iShares India 50 ETF in the 3rd quarter valued at about $232,000. Cibc World Market Inc. bought a new stake in shares of iShares India 50 ETF in the 3rd quarter valued at about $248,000. Finally, Brighton Jones LLC acquired a new stake in shares of iShares India 50 ETF in the third quarter valued at about $358,000.
About iShares India 50 ETF
iShares India 50 ETF, formerly iShares S&P India Nifty 50 Index Fund, seeks investment results that correspond generally to the price and yield performance of the S&P CNX Nifty Index (the Index). The Index measures the equity performance of the top 50 companies by market capitalization that trade in the Indian market. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
See Also
- Five stocks we like better than iShares India 50 ETF
- Nu Holdings Earnings Show a Compounder Priced Like a Brazil Bet
- Game On: The Hidden Value in Take-Two’s Stock
- LightPath Technologies’ Record Backlog Highlights a Bigger Defense Opportunity
- A 10-Stock Strategy That Balances AI Growth With Cash Flow
Receive News & Ratings for iShares India 50 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares India 50 ETF and related companies with MarketBeat.com's FREE daily email newsletter.
